Credit Suisse AG lowered its position in shares of Enable Midstream Partners, LP (NYSE:ENBL) by 75.6% during the first quarter, Holdings Channel reports. The firm owned 101,638 shares of the pipeline company’s stock after selling 314,808 shares during the period. Credit Suisse AG’s holdings in Enable Midstream Partners, were worth $1,696,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the stock. Brookfield Asset Management Inc. raised its stake in shares of Enable Midstream Partners, by 0.3% in the first quarter. Brookfield Asset Management Inc. now owns 933,600 shares of the pipeline company’s stock worth $15,582,000 after buying an additional 3,100 shares during the period. Westwood Holdings Group Inc. acquired a new stake in shares of Enable Midstream Partners, during the first quarter worth $11,636,000. Franklin Square Holdings L.P. acquired a new stake in shares of Enable Midstream Partners, during the first quarter worth $474,000. BP Capital Fund Advisors LLC raised its stake in shares of Enable Midstream Partners, by 12.2% in the first quarter. BP Capital Fund Advisors LLC now owns 237,289 shares of the pipeline company’s stock worth $3,960,000 after buying an additional 25,778 shares during the period. Finally, Bank of America Corp DE raised its stake in shares of Enable Midstream Partners, by 1,181.3% in the first quarter. Bank of America Corp DE now owns 874,024 shares of the pipeline company’s stock worth $14,587,000 after buying an additional 805,809 shares during the period. Hedge funds and other institutional investors own 18.31% of the company’s stock.

Shares of Enable Midstream Partners, LP (NYSE ENBL) traded down 0.40% on Friday, hitting $14.76. The stock had a trading volume of 172,813 shares. Enable Midstream Partners, LP has a 1-year low of $12.70 and a 1-year high of $17.36. The stock has a market cap of $6.38 billion, a P/E ratio of 17.51 and a beta of 1.98. The firm’s 50-day moving average is $15.29 and its 200 day moving average is $15.93.

Enable Midstream Partners, (NYSE:ENBL) last issued its quarterly earnings results on Tuesday, August 1st. The pipeline company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.04. Enable Midstream Partners, had a return on equity of 5.19% and a net margin of 15.20%. The firm had revenue of $626 million for the quarter, compared to analyst estimates of $644.27 million. Enable Midstream Partners,’s quarterly revenue was up 18.3% compared to the same quarter last year. Equities analysts forecast that Enable Midstream Partners, LP will post $0.85 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 29th. Stockholders of record on Tuesday, August 22nd will be paid a $0.318 dividend. The ex-dividend date of this dividend is Friday, August 18th. This represents a $1.27 annualized dividend and a dividend yield of 8.62%. Enable Midstream Partners,’s dividend payout ratio is currently 147.68%.

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ENBL has been the subject of several research reports. Zacks Investment Research upgraded Enable Midstream Partners, from a “sell” rating to a “hold” rating in a research report on Wednesday. BidaskClub upgraded Enable Midstream Partners, from a “sell” rating to a “hold” rating in a research report on Sunday, August 6th. TheStreet upgraded Enable Midstream Partners, from a “c” rating to a “b-” rating in a research report on Monday, June 5th. Royal Bank Of Canada reiterated a “hold” rating and issued a $18.00 target price on shares of Enable Midstream Partners, in a research report on Tuesday, June 6th. Finally, Citigroup Inc. reiterated a “neutral” rating and issued a $16.25 target price (up previously from $14.00) on shares of Enable Midstream Partners, in a research report on Thursday, June 1st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $16.91.

In other news, major shareholder Arclight Capital Partners, Llc sold 34,202 shares of the company’s stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $16.18, for a total value of $553,388.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Over the last quarter, insiders sold 157,258 shares of company stock worth $2,549,596.

Enable Midstream Partners, Company Profile

Enable Midstream Partners LP owns, operates and develops midstream energy infrastructure assets strategically located to serve its customers. The Company operates in two business segments: Gathering and Processing, and Transportation and Storage. Its gathering and processing segment primarily provides natural gas and crude oil gathering and natural gas processing services to its producer customers.

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Institutional Ownership by Quarter for Enable Midstream Partners, (NYSE:ENBL)

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